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Published: 2025-10-03T01:01:18.000Z

Chart EUR/JPY Update: Consolidating above 172.14/00 support

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Steadied at the 172.26 low as prices consolidate losses from the 175.05, Friday's current year high

 LevelsImpComment  LevelsImpComment
R4175.05**26 Sep YTD high S1172.14*9 Sep low
R3174.50*19 Sep high S2171.00*14 Aug low, congestion
R2173.90**Jul high S3170.00**congestion
R1173.00*Aug high, congestion S4169.00 congestion

Asterisk denotes strength of level

00:50 GMT - Steadied at the 172.26 low as prices unwind oversold intraday studies and consolidate losses from the 175.05 Friday's current year high. However, pressure remains on the downside and consolidation expected to give way to fresh selling pressure later. Nearby see support at the 172.14/00 area and break here will open up room for deeper pullback to retrace gains from the February low to the 171.00 level and trendline support. Meanwhile, resistance at the 173.00/173.90, August and July month highs, are expected to cap corrective bounce.

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Topics
EUR/JPY-TA
DM-Technical
Technical Analysis

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